updated 2/10/2011 9:16:53 AM ET 2011-02-10T14:16:53

MENTOR, Ohio, Feb. 10, 2011 (GLOBE NEWSWIRE) -- CardinalCommerce, the world-leading enabler of payment brands, today announced that the US Patent and Trademark Office (USPTO) issued patent number US 7,877,296 B2, which teaches a system including the extension of authenticated mcommerce to alternative communication channels, including "Text to Buy" applications among others.

The patent, entitled Method and/or System for Extending Payment System Architectures and/or Legacy Order Processing Systems to Mobile Commerce Applications via Text Messaging, was filed to protect technology including that which is designed to ensure secure transactions using authentication for wireless networks. This technology allows consumers to initiate and conduct commercial transactions for a wireless device. The patent application dates back to July 2005.

"This patent, in conjunction with Cardinal's other intellectual property, expands protections of the Company's technology for wireless applications – a market in which authentication is becoming increasingly important, as so many users of mobile phones, smartphones and other wireless devices now use these phones to make purchases, pay bills and conduct other transactions," says Michael A. Keresman, III, President and CEO of CardinalCommerce. "Cardinal is committed to enabling the parties to a transaction, including the customer and the merchant, to conduct authenticated transactions with ease and with the greatest amount of flexibility. We look forward to enabling customers and merchants to continue to safely and securely grow the mobile marketplace. Organizations that use or enable commerce that relies on SMS or text messaging are invited to contact Cardinal for licensing opportunities."

Cardinal's IP portfolio includes eight United States, three European, and three South African patents:

US Patents:

US 7,051,002 B2 Universal Merchant Platform for Payment Authentication
US 7,140,036 B2 Centralized Identity Authentication for Electronic Communications Networks
US 7,606,771 B2 Dynamic Number Authentication for Credit/Debit Cards
US 7,624,039 B2 Affinity Shopping Portal
US 7,693,783 B2 Universal Merchant Platform for Payment Authentication
US 7,742,967 B2 Secure & Efficient Payment Processing System
US 7,797,731 B2 Centralized Identity Authentication for Electronic Communications Networks
US 7,877,296 B2 Method and/or System for Extending Payment System Architectures and/or Legacy Order
  Processing Systems to Mobile Commerce Applications via Text Messaging

European Patents:

EP 1 221 146 B1  (United Kingdom) Secure & Efficient Payment Processing System
EP 1 221 146 B1  (Switzerland) Secure & Efficient Payment Processing System
DE 600 15 587.0-08 (Germany) Secure & Efficient Payment Processing System

South African Patents:

2005/0269  Universal Merchant Platform for Payment Authentication
2007/07072  System and Method for Conversion Between Internet and Non-Internet Based Transactions
2008/1212  Method and/or System for Extending Payment System Architectures and/or Legacy Order
  Processing Systems to Mobile Commerce Applications via Text Messaging

About CardinalCommerce

CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both eCommerce and mobile commerce.

The Cardinal Centinel® software platform enables payment brands, such as Verified by Visa, MasterCard® SecureCode, Amazon Payments, Bill2Phone, Bill Me Later®, ClickandBuy®, Cred-Ex®, Ebates, eBillme, eLayaway, Google Checkout, Green Dot® MoneyPak®, Mazooma, Moneybookers, MyECheck, NACHA® Secure Vault Payments (SVP), NYCE® SafeDebit, OneTouch Online Purchasing, Paymate, PayPal, paysafecard, RevolutionCard, Rialto PaySM, SafetyPay, TeleCheck®, and Ukash, to a network of thousands of merchants and merchant service providers.

Cardinal's mobile commerce platform, Cardinal MAX, makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely.

Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide Customer base. For more information, visit www.cardinalcommerce.com

The CardinalCommerce logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=697

CONTACT: Media contact:
         
         Christopher G. Brown
         Chief Financial Officer
         CardinalCommerce Corporation
         877.352.8444
         chrisb@cardinalcommerce.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.97%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.40%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.12%
17.11%
Source: Bankrate.com